— Know what they know.
/
Not Investment Advice

TJX

NYSE · USD
The TJX Companies, Inc.
Consumer Cyclical · Apparel - Retail
CEO Ernie L. Herrman Employees 377,000 R&D / revenue 0.0%
Last price
$147.32+1.90%last session
Market cap
$162.0B
P/E (TTM)
27.2x
From 52w high
−13.3%
From 52w low
+20.0%
1-year return
+3.6%
RSI 14 · vs SMA200
74.8 · −2.9%
IS score
68.6/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

TJX   SPY   XLY (sector ETF) · weekly closes
90100110120Jan 26Apr 26Jul 26Oct 26SPY 116TJX 104XLY 97

Score DNA

Each bar is a 0-100 score within the scored universe
63
Profitability
67
Growth
39
Value
88
Momentum
100
Risk (safety)
77
Quality
68
Balance sheet
86
Earnings quality

Flags

Strengths
✓ Piotroski 8+✓ Congress buying
Warnings
None of the computed warning flags fires for TJX (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Efficient ScalePiotroski 8 / 9Altman Z 6.8Beta 0.593 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
8 open-market sales, $27.7M
Form 144 notices (12m): 12, $40.1M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
3
Last disclosed purchase 2026-09-25
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+17
189 new holders, 135 closed
2,763 filers hold 91.7% · 1,210 added, 1,044 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+282
1,487 funds adding shares
1,205 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
45.6%
20-day avg 48.1%, 50-day avg 39.8%
Latest 2.5 pp under its 20-day average · a flow, not short interest

Key financials · FY2026

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$60.4B
Revenue growth YoY+7.1%
Gross margin31.0%
Operating income$7.2B
Operating margin11.9%
Net income$5.5B
Net margin9.1%
EPS (diluted)$4.88
Cash flow
Operating cash flow$6.9B
Capital expenditure$2.0B
Free cash flow$4.9B
FCF conversion (FCF / OCF)71.5%
Stock-based compensation$214.0M
FCF less SBC$4.7B
Buybacks$2.5B
Dividends$1.8B
Balance sheet & returns
Cash & short-term investments$6.2B
Total debt$2.9B
Net cash$3.4B
Shareholders' equity$10.2B
Goodwill & intangibles$96.0M
Debt / equity1.34
ROE (TTM)59.8%
ROIC (TTM)22.8%
Operating margin by fiscal year
9.8%FY20229.7%FY202310.7%FY202411.2%FY202512.0%FY2026
Revenue $48.5B (FY2022) to $60.4B (FY2026), a 5.6% CAGR.

Valuation

P/E (TTM)27.2x
EV / EBITDA18.8x
Price / sales2.60x
Price / FCF27.6x
FCF yield3.63%
Buyback yield1.56%
SBC / revenue0.3%
Price / book15.45x
Forward P/E FY202728.0x
Forward P/E FY202825.5x
Forward multiples divide today's price by Street EPS estimates. Street mean target $171.67 across 9 analysts last quarter is theirs, not ours.

TJX vs industry median

62 companies in Apparel - Retail
Gross margin 32.1% 43.6% Operating margin 12.8% 5.4% Net margin 9.7% 3.2% ROIC 22.8% 8.2%
TJX (TTM)Industry median Asset turnover 1.68 vs industry 1.47 · financial leverage 3.48

Earnings delivery

Next report 2026-11-18 · consensus EPS $1.34
100%
beat rate, 12 of 12 quarters
+4.2%
median EPS surprise
12
longest beat streak
+4+9+7+4+4+6+1+9+4+3+17+3
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-15 to 2026-08-19. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
TJX The TJX Companies, Inc. $162.0B27.2x59.8%9.7%+7.1% +3.6%
ROST Ross Stores, Inc. $76.0B28.4x42.6%13.6%+14.0% +53.9%
BURL Burlington Stores, Inc. $16.5B23.6x41.4%6.1%+11.0% −4.4%
MCD McDonald's Corporation $171.9B19.7x-464.6%33.3%+6.3% −20.0%
BKNG Booking Holdings Inc. $122.8B18.0x-82.7%26.5%+12.9% −16.7%
SBUX Starbucks Corporation $111.2B56.0x-25.8%11.2%+4.5% —
LOW Lowe's Companies, Inc. $110.7B16.7x-70.5%9.2%+8.2% —
ABNB Airbnb, Inc. $104.0B39.3x34.5%22.6%+13.6% —
12-month window: SPY +15.9%, sector ETF XLY −3.2%. Past returns describe history only.

Recent 8-K filings

2026-09-17Officer/Director Change
2026-08-19Earnings Release; Exhibits
2026-06-11Shareholder Vote
2026-05-20Earnings Release; Exhibits
2026-02-25Results of Operations and Financial Condition; Financial Statements and Exhibits
2025-11-19Results of Operations and Financial Condition; Financial Statements and Exhibits

Context

Shares outstanding1,099,974,061
Free float99.8%
Institutional ownership91.7%
Beta0.59
Dividend yield1.23%
Last dividend$0.48 on 2026-11-12
50 / 200-day average$137.68 / $151.83
Large-cap Consumer Cyclical median P/E24.3x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where TJX sits among 14 scored companies in Apparel - Retail (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureTJXIndustry medianIndustry percentileSector median
P/E (TTM) 26.7x 11.5x
85th		 17.7x
PEG (P/E ÷ 3-yr EPS CAGR) 1.61 0.48
100th		 0.96
Price / sales 2.6x 1.1x
92nd		 1.0x
Price / book 15.2x 2.7x
100th		 2.4x
Price / tangible book 16.6x 3.1x
100th		 4.2x
Price / free cash flow 27.6x 14.4x
85th		 15.2x
Price / operating cash flow 20.2x 9.8x
92nd		 10.2x
Enterprise value $170.4B $6.0B
100th		 $5.6B
EV / sales 2.7x 1.2x
92nd		 1.4x
EV / EBITDA 18.8x 9.9x
92nd		 11.4x
EV / EBIT 21.1x 12.3x
69th		 16.0x
EV / free cash flow 29.0x 17.3x
85th		 21.0x
Earnings yield 3.7% 8.7%
15th		 4.8%
FCF yield 3.6% 7.1%
15th		 5.9%
Operating cash flow yield 5.0% 10.2%
8th		 9.3%
Graham number (per share) $34.14 $61.31
38th		 $33.39

Profitability (TTM)

MeasureTJXIndustry medianIndustry percentileSector median
Gross margin 32.1% 43.9%
8th		 34.2%
EBITDA margin 14.5% 12.7%
62nd		 11.7%
Operating margin 12.8% 11.2%
62nd		 8.7%
EBIT margin 13.0% 10.2%
62nd		 8.2%
Net margin 9.7% 8.5%
62nd		 4.9%
NOPAT margin 9.7% 8.5%
62nd		 6.8%
FCF margin 9.4% 7.8%
62nd		 6.5%
Operating cash flow margin 12.9% 11.8%
62nd		 10.4%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 19.3% 28.0%
23rd		 17.2%
Stock comp / revenue 0.3% 0.6%
17th		 0.6%
Effective tax rate 24.6% 24.1%
62nd		 22.4%

Returns on capital

MeasureTJXIndustry medianIndustry percentileSector median
ROE (on average equity) 62.2% 25.9%
100th		 12.8%
ROA 17.3% 10.2%
77th		 4.4%
ROIC 31.8% 15.5%
85th		 9.3%
ROCE 34.1% 14.6%
100th		 9.9%
Return on tangible assets 23.1% 12.7%
85th		 7.4%
Cash ROIC (OCF / invested capital) 42.4% 21.4%
92nd		 14.4%
Gross profitability (GP / assets) 53.9% 53.6%
54th		 31.6%
ROIC, 3-yr average 26.6% 11.1%
77th		 7.4%
ROIC, 5-yr average 30.5% 12.8%
77th		 9.1%
ROE, 5-yr average 59.4% 25.4%
100th		 15.8%
Incremental ROIC 76.5% 60.6%
62nd		 11.2%

Growth

MeasureTJXIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 7.7% 6.9%
54th		 6.0%
Revenue growth (QoQ) 6.0% 5.5%
54th		 6.6%
Revenue CAGR, 3 yr 6.8% 5.8%
54th		 3.0%
Revenue CAGR, 5 yr 7.6% 5.9%
62nd		 5.9%
Gross profit CAGR, 3 yr 11.1% 8.3%
62nd		 3.3%
Operating income CAGR, 3 yr 15.9% 14.1%
54th		 2.1%
Net income growth (TTM YoY) 22.0% 23.0%
45th		 4.7%
Net income CAGR, 3 yr 15.1% 15.1%
50th		 1.4%
EPS growth (TTM YoY) 23.2% 26.1%
36th		 7.6%
EPS CAGR, 3 yr 16.6% 16.6%
42nd		 3.4%
EPS CAGR, 5 yr 21.4% 11.7%
100th		 2.9%
FCF growth (TTM YoY) 45.4% 54.8%
45th		 26.3%
FCF CAGR, 3 yr 8.7% 10.8%
27th		 6.5%
Operating cash flow CAGR, 3 yr 9.2% 11.0%
42nd		 6.7%
Book value CAGR, 3 yr 18.8% 16.6%
77th		 8.1%
Dividend CAGR, 3 yr 5.1% 3.6%
83rd		 3.2%
Sustainable growth rate 42.2% 20.1%
100th		 12.2%

Margin history & stability

MeasureTJXIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 31.0% 42.6%
8th		 34.9%
Operating margin, 3-yr average 11.7% 9.3%
62nd		 8.0%
Net margin, 3-yr average 9.0% 7.1%
62nd		 4.8%
FCF margin, 3-yr average 8.1% 6.0%
62nd		 5.7%
Revenue stability (0-1) 0.99 0.92
100th		 0.80
Earnings stability (0-1) 0.98 0.63
100th		 0.43
Margin stability (0-1) 0.95 0.95
54th		 0.92

Liquidity (latest quarter)

MeasureTJXIndustry medianIndustry percentileSector median
Cash & short-term investments $6.0B $645.8M
100th		 $278.1M
Net cash (− = net debt) −$8.3B −$658.1M
0th		 −$1.2B
Working capital $2.0B $579.4M
77th		 $298.0M
Current ratio 1.15 1.59
15th		 1.49
Quick ratio 0.56 0.74
38th		 0.92
Cash ratio (cash + ST investments / current liabilities) 0.45 0.52
46th		 0.31
Defensive interval (days) 227 days 125 days
77th		 290 days

Leverage & solvency (latest quarter)

MeasureTJXIndustry medianIndustry percentileSector median
Total debt $14.3B $1.3B
100th		 $1.8B
Debt / equity 1.34 1.07
77th		 1.04
Net debt / equity 0.78 0.65
54th		 0.78
Debt / assets 38.6% 38.7%
46th		 39.7%
Debt / capital 57.3% 51.7%
77th		 51.0%
Debt / EBITDA 1.58 2.36
38th		 3.26
Net debt / EBITDA 0.92 1.62
38th		 2.42
Interest coverage (EBIT / interest) 144.5x 17.9x
80th		 5.1x
Cash interest coverage 143.5x 45.6x
80th		 6.0x
Debt payback (years of OCF) 1.8 yrs 2.8 yrs
38th		 3.8 yrs
Liabilities / assets 71.3% 62.2%
85th		 68.1%
IS credit model rating AA- — —
Implied credit spread (bps) 100 162
23rd		 275

Efficiency

MeasureTJXIndustry medianIndustry percentileSector median
Asset turnover 1.78 1.38
92nd		 1.00
Fixed asset turnover 3.16 2.72
77th		 3.73
Inventory turnover 5.6 4.1
92nd		 5.3
Receivables turnover 60.5 68.2
42nd		 19.9
Days sales outstanding 6 days 5 days
62nd		 18 days
Days inventory outstanding 66 days 90 days
8th		 68 days
Days payables outstanding 42 days 47 days
46th		 42 days
Cash conversion cycle (days) 30 days 52 days
23rd		 44 days
Capex / revenue 3.5% 3.6%
42nd		 3.1%
Capex / depreciation 2.20 1.41
75th		 0.89
Operating expense ratio 20.3% 36.1%
8th		 24.8%

Cash flow & earnings quality

MeasureTJXIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.32 1.43
31st		 1.76
FCF / net income 0.97 0.96
54th		 1.18
FCF / operating cash flow 73.1% 70.1%
75th		 70.1%
Capex / operating cash flow 26.9% 29.9%
25th		 29.9%
Accruals ratio -5.6% -5.7%
54th		 -5.7%
Sloan accruals ratio -2.8% -3.2%
54th		 -3.6%
Earnings quality score (0-1) 0.75 0.75
8th		 0.75

Dividends & buybacks

MeasureTJXIndustry medianIndustry percentileSector median
Dividend yield 1.2% 0.4%
62nd		 0.8%
Dividend per share (TTM) $1.81 $0.14
92nd		 $0.40
Payout ratio (dividends / net income) 32.1% 9.4%
85th		 17.8%
Dividends / FCF 33.2% 3.6%
85th		 11.6%
Dividend growth (YoY) 12.9% 9.7%
83rd		 4.8%
Buyback yield 1.7% 1.7%
54th		 1.6%
Shareholder yield (dividends + buybacks) 2.9% 3.0%
46th		 3.7%
Share count change (YoY) -1.0% -0.7%
38th		 -0.9%
Buybacks, last 5 years $13.0B $665.8M
100th		 $198.3M

Scores & forensic checks

MeasureTJXIndustry medianIndustry percentileSector median
IS score 69 65
85th		 50
IS profitability 63 63
46th		 38
IS growth 67 62
77th		 53
IS value 39 68
23rd		 50
IS momentum 88 87
54th		 72
IS risk (safety) 100 95
54th		 65
IS quality 77 78
38th		 63
IS balance sheet 68 71
38th		 48
IS earnings quality 86 86
62nd		 77
IS cash flow 66 63
62nd		 56
Piotroski F-score (0-9) 8 7
62nd		 6
Altman Z-score 6.8 4.0
92nd		 2.8
Beneish M-score −1.81 −2.71
92nd		 −2.69
Ohlson O-score −7.93 −7.63
38th		 −6.83
IS credit score 85 73
77th		 58

Per share

MeasureTJXIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $5.43 $5.47
46th		 $2.05
Book value per share $9.54 $25.02
0th		 $14.46
Tangible book per share $9.45 $21.89
8th		 $3.70
Revenue per share $55.83 $80.32
23rd		 $46.29
FCF per share $5.26 $4.66
54th		 $2.72
Operating cash flow per share $7.19 $8.83
38th		 $4.86
Cash per share $5.38 $6.64
23rd		 $3.59

Size (TTM)

MeasureTJXIndustry medianIndustry percentileSector median
Market cap $162.0B $5.1B
100th		 $3.6B
Revenue $62.4B $5.5B
100th		 $3.9B
EBITDA $9.1B $775.9M
100th		 $442.3M
Net income $6.1B $436.4M
100th		 $178.6M
Free cash flow $5.9B $294.1M
100th		 $206.3M
Total assets $37.1B $3.9B
100th		 $4.4B
Shareholders' equity $10.7B $1.6B
100th		 $957.6M
Employees 377,000 35,000
100th		 12,300

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-16Pintoff Craig Adam
Director
 Award / grant 621——621
2026-06-11Nemerov Jackwyn
Director
 Open-market sale 957$168.59$161,345802
2026-06-10Benjamin Peter
SEVP, Group President
 Open-market sale 10,926$165.00$1.8M117,267
2026-06-09Berkery Rosemary T
Director
 Option exercise 802——13,398
2026-06-09Berkery Rosemary T
Director
 Award / grant 637——11,016
2026-06-09Berkery Rosemary T
Director
 Award / grant 110——11,127
2026-06-09Berkery Rosemary T
Director
 Award / grant 637——1,426
2026-06-09Berkery Rosemary T
Director
 Award / grant 8——1,434
2026-06-09Berkery Rosemary T
Director
 Option exercise 802——632
2026-06-09Nemerov Jackwyn
Director
 Option exercise 802——1,759
2026-06-09Nemerov Jackwyn
Director
 Award / grant 637——15,319
2026-06-09Nemerov Jackwyn
Director
 Award / grant 156——15,475

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprJunSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired2711,977—
GiftDisposed134,129—
GiftAcquired134,129—
Open-market saleDisposed8172,740$27.7M
Option exerciseAcquired54,010—
Option exerciseDisposed54,010—
—Disposed10—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 12 notices · 257,603 shares · $40.1M
FiledFilerShares proposedEst. proceeds
2026-06-11Nemerov Jackwyn957$160,450
2026-06-10Benjamin Peter10,926$1.8M
2026-06-09Meyrowitz Carol55,624$8.9M
2026-06-05Klinger John6,235$989,058
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 23 trades (7 purchases) · Senate 4 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-09-15Kevin HernHouseSale$1,001 - $15,0002026-09-28
2026-09-15Kevin HernHouseSale (Full)$1,001 - $15,0002026-09-25
2026-09-11Ro KhannaHousePurchase$15,001 - $50,0002026-10-09
2026-01-14John W. HickenlooperSenateSale$50,001 - $100,0002026-02-06
2026-01-14John Wright HickenlooperSenateSale$50,001 - $100,0002026-02-06
2026-01-14John W. HickenlooperSenateSale (Partial)$50,001 - $100,0002026-02-05
2026-01-14John Wright HickenlooperSenateSale (Partial)$50,001 - $100,0002026-02-05
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.108,844,399$16.5B9.90%
VANGUARD CAPITAL MANAGEMENT LLC72,219,699$10.9B6.57%
STATE STREET CORP49,709,223$7.5B4.52%
GEODE CAPITAL MANAGEMENT, LLC28,894,377$4.4B2.63%
FMR LLC25,442,660$3.9B2.31%
BANK OF AMERICA CORP /DE/23,178,569$3.5B2.11%
VANGUARD PORTFOLIO MANAGEMENT LLC20,212,962$3.1B1.84%
MORGAN STANLEY15,995,887$2.4B1.45%
JPMORGAN CHASE & CO14,746,403$2.2B1.34%
AMERIPRISE FINANCIAL INC14,563,672$2.2B1.32%
NORGES BANK14,473,106$2.2B1.32%
GOLDMAN SACHS GROUP INC13,507,527$2.0B1.23%
WELLINGTON MANAGEMENT GROUP LLP12,169,208$1.8B1.11%
PRICE T ROWE ASSOCIATES INC /MD/10,652,693$1.6B0.97%
ROYAL BANK OF CANADA10,538,966$1.6B0.96%

Institutional ownership by quarter

2023-092026-0691.7%
% of shares held by 13F filers
2023-092026-062,763
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-302,76391.7%1891,2101,044135
2026-03-312,74689.7%2161,1731,030121
2025-12-312,70390.4%3831,04895380
2025-09-302,45389.5%216985925116
2025-06-302,38890.2%181995900100
2025-03-312,34690.4%180954904116
2024-12-312,32390.9%29095378697
2024-09-302,18190.5%18783485375
2024-06-302,09591.5%192883749113
2024-03-312,04292.6%18482578189
2023-12-311,97592.7%264755723107
2023-09-301,84792.8%13674371066

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%83,206,525
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-02-05SCHEDULE 13G/ABlackRock, Inc.8.9%99,658,272
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.20%$4.6B
VSMPX0.20%$4.6B
VTSAX0.20%$4.6B
VTI0.20%$4.6B
VOO0.22%$3.8B
VFINX0.22%$3.8B

Share structure

Shares outstanding1,099,974,061
Float1,098,085,751
Free float99.8%

Income statement

Fiscal years, USD
FY2022FY2023FY2024FY2025FY2026
Revenue$48.5B$49.9B$54.2B$56.4B$60.4B
Cost of revenue$34.7B$36.1B$38.0B$39.1B$41.7B
Gross profit$13.8B$13.8B$16.3B$17.2B$18.7B
R&D$0$0$0$0$0
SG&A$9.1B$8.9B$10.5B$10.9B$11.5B
Operating income$4.8B$4.9B$5.8B$6.3B$7.2B
EBITDA$5.4B$5.6B$7.0B$7.7B$8.5B
Pretax income$4.4B$4.6B$6.0B$6.5B$7.3B
Income tax$1.1B$1.1B$1.5B$1.6B$1.8B
Net income$3.3B$3.5B$4.5B$4.9B$5.5B
EPS, diluted$2.70$2.97$3.86$4.26$4.88
Diluted shares1.2B1.2B1.2B1.1B1.1B

Balance sheet

FY2022FY2023FY2024FY2025FY2026
Cash & short-term investments$6.2B$5.5B$5.6B$5.3B$6.2B
Receivables$633.0M$682.0M$588.0M$618.0M$610.0M
Inventory$6.0B$5.8B$6.0B$6.4B$7.3B
Total current assets$13.3B$12.5B$12.7B$13.0B$15.2B
PP&E, net$14.1B$14.9B$16.0B$17.0B$18.6B
Goodwill & intangibles$97.0M$97.0M$95.0M$202.0M$96.0M
Total assets$28.5B$28.3B$29.7B$31.7B$35.8B
Accounts payable$4.5B$3.8B$3.9B$4.3B$4.6B
Total current liabilities$10.5B$10.3B$10.5B$11.0B$13.4B
Long-term debt$3.4B$2.9B$2.9B$2.9B$1.9B
Total liabilities$22.5B$22.0B$22.4B$23.4B$25.6B
Shareholders' equity$6.0B$6.4B$7.3B$8.4B$10.2B

Cash flow statement

Outflows are negative
FY2022FY2023FY2024FY2025FY2026
Net income$3.3B$3.5B$4.5B$4.9B$5.5B
Depreciation & amortization$868.0M$887.0M$964.0M$1.1B$1.2B
Stock-based compensation$189.0M$122.0M$160.0M$183.0M$214.0M
Change in working capital−$1.5B−$821.0M$447.0M−$73.0M−$127.0M
Operating cash flow$3.1B$4.1B$6.1B$6.1B$6.9B
Capital expenditure−$1.0B−$1.5B−$1.7B−$1.9B−$2.0B
Free cash flow$2.0B$2.6B$4.3B$4.2B$4.9B
Investing cash flow−$1.0B−$1.5B−$1.7B−$2.5B−$2.0B
Net debt issued / repaid−$3.0B$0−$500.0M$0$0
Buybacks−$2.2B−$2.3B−$2.5B−$2.5B−$2.5B
Dividends paid−$1.3B−$1.3B−$1.5B−$1.6B−$1.8B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2022FY2023FY2024FY2025FY2026
Gross margin28.5%27.6%30.0%30.6%31.1%
Operating margin9.8%9.7%10.7%11.2%12.0%
Net margin6.8%7.0%8.3%8.6%9.1%
FCF margin4.1%5.3%8.0%7.4%8.1%
ROE55.5%56.6%65.5%62.0%59.1%
ROIC28.9%26.9%30.5%29.9%31.3%
ROA11.1%12.3%15.4%15.8%16.3%
Debt / equity2.082.001.721.521.32
Interest coverage38.0x57.5x76.5x86.3x99.8x
Current ratio1.271.211.211.181.14
Revenue growth+51.1%+2.9%+8.6%+4.0%+7.1%
EPS growth+3,573.3%+9.6%+30.0%+10.1%+14.3%
P/E at year end24.9x26.3x23.8x28.8x30.6x
EV / EBITDA at year end16.3x17.7x16.2x19.3x20.3x
FCF yield at year end2.46%2.86%4.07%2.99%2.93%
Dividend payout38.1%38.3%33.2%33.9%33.5%

Revenue by segment

FY2022FY2023FY2024FY2025FY2026
Marmaxx$29.5B$30.5B$33.4B$34.6B$36.6B
HomeGoods$9.0B$8.3B$9.0B$9.4B$10.2B
TJX International$5.7B$6.2B$6.8B$7.2B$8.0B
TJX Canada$4.3B$4.9B$5.0B$5.2B$5.6B

Revenue by region · FY2026

TJX International$8.0B · 59%
TJX Canada$5.6B · 41%

Street estimates by fiscal year

Next report 2026-11-18 · consensus EPS $1.34 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$60.0B$59.8B – $60.3B$4.68$4.65 – $4.711131.5x
2027$64.0B$63.7B – $64.4B$5.27$5.22 – $5.361328.0x
2028$68.0B$66.8B – $68.8B$5.77$5.59 – $5.881325.5x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-19$1.19$1.22+2.5%$15.2B$15.2B+0.1%
2026-05-20$1.02$1.19+16.7%$14.0B$14.3B+2.2%
2026-02-25$1.39$1.43+2.9%$17.4B$17.7B+2.2%
2025-11-19$1.23$1.28+4.1%$14.9B$15.1B+1.8%
2025-08-20$1.01$1.10+8.9%$14.1B$14.4B+1.8%
2025-05-21$0.92$0.92+0.5%$13.0B$13.1B+0.7%
2025-02-26$1.16$1.23+6.0%$16.2B$16.4B+0.9%
2024-11-20$1.10$1.14+3.6%$14.0B$14.1B+0.8%
2024-08-21$0.92$0.96+4.3%$13.3B$13.5B+1.2%
2024-05-22$0.87$0.93+6.9%$12.5B$12.5B−0.1%
2024-02-28$1.12$1.22+8.9%$16.2B$16.4B+1.3%
2023-11-15$0.99$1.03+4.0%$13.0B$13.3B+1.7%
2023-08-16$0.77$0.85+10.4%$12.4B$12.8B+2.9%
2023-05-17$0.71$0.76+7.0%$11.8B$11.8B−0.3%
2023-02-22$0.89$0.890.0%$14.1B$14.5B+3.2%
2022-11-16$0.80$0.86+7.5%$12.3B$12.2B−1.1%
2022-08-17$0.66$0.69+4.5%$12.0B$11.8B−1.6%
2022-05-18$0.60$0.68+13.3%$11.6B$11.4B−1.5%
2022-02-23$0.91$0.78−14.3%$14.2B$13.9B−2.6%
2021-11-17$0.81$0.84+3.7%$14.2B$12.5B−11.9%
2021-08-18$0.57$0.79+38.6%$12.3B$12.1B−1.7%
2021-05-19$0.31$0.44+41.9%$8.4B$10.1B+20.6%
2021-02-24$0.61$0.50−18.0%$13.1B$10.9B−16.2%
2020-11-18$0.40$0.71+77.5%$8.5B$10.1B+19.7%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.806-151.306-221.006-291.107-060.907-131.007-201.107-271.008-030.908-102.208-171.408-241.308-31
Week ofNotionalSharesTrades
2026-08-31$1.3B9,929,724148,538
2026-08-24$1.4B10,483,652160,935
2026-08-17$2.2B15,025,210213,377
2026-08-10$888.5M5,727,753109,917
2026-08-03$1.0B6,334,930112,980
2026-07-27$1.1B6,720,772126,058

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1545.6%
DateShort shareShort volumeTotal volume
2026-10-1545.6%1,614,8573,543,446
2026-10-1440.8%1,096,5252,686,234
2026-10-1356.5%1,457,0162,578,002
2026-10-1261.9%1,383,0082,232,752
2026-10-0956.3%916,6381,629,176
2026-10-0852.1%1,555,5722,984,448
2026-10-0766.6%2,054,6363,084,301
2026-10-0651.1%1,611,1233,154,635
2026-10-0550.5%1,422,7252,816,231
2026-10-0258.5%1,396,8172,386,337
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+1.3Jan+3.1Feb+0.2Mar+2.1Apr+0.5May-0.2Jun+3.3Jul+4.3Aug-0.1Sep+0.1Oct+3.9Nov+0.9Dec
MonthAvg returnUp yearsYears
Jan+1.3%60%20
Feb+3.1%70%20
Mar+0.2%57%21
Apr+2.1%65%20
May+0.5%35%20
Jun−0.2%50%20
Jul+3.3%80%20
Aug+4.3%75%20
Sep−0.1%55%20
Oct+0.1%45%20
Nov+3.9%75%20
Dec+0.9%65%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1474.8
MFI87.7
ADX31.8
Stochastic %K / %D93.4 / 91.2
Williams %R-0.9
CCI161
TSI / signal25.5 / 2.3
Chaikin money flow0.25
ATR$2.87
Bollinger width15.2%
Volume vs 20-day avg0.80x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$136.18 (+8.2%)
SMA 50$137.34 (+7.3%)
SMA 200$151.68 (−2.9%)
EMA 21$137.91 (+6.8%)
EMA 50$139.09 (+5.9%)
EMA 200$146.18 (+0.8%)
Bollinger upper$146.51 (+0.6%)
Bollinger lower$125.84 (+17.1%)
Parabolic SAR$140.67 (+4.7%)
Open the live chart, 110+ indicators

About The TJX Companies, Inc.

The TJX Companies, Inc., alongside its various associated businesses, functions as a major discount retailer focusing on clothing and household decor. Its operations are organized into four primary divisions: Marmaxx, HomeGoods, TJX Canada, and TJX International. The enterprise markets an extensive selection of goods, including clothing for all family members (such as shoes and complementary items); a broad array of home furnishings and accessories (ranging from essential household goods, furniture, floor coverings, and lighting fixtures to gift items, soft textiles, decorative pieces, dining wares, and kitchen utensils), alongside growing departments for pet supplies, children's products, and gourmet foodstuffs. Jewelry, additional accessories, and various general merchandise are also available. By the close of February 23, 2022, TJX maintained a considerable retail network across several continents. In the United States, this footprint included 1,284 T.J. Maxx, 1,148 Marshalls, 850 HomeGoods, 59 Sierra, and 39 Homesense physical stores, complemented by online portals like tjmaxx.com, marshalls.com, and sierra.com. Its Canadian presence featured 293 Winners, 147 HomeSense, and 106 Marshalls outlets. European consumers could visit 618 T.K. Maxx and 77 Homesense locations, with an e-commerce option at tkmaxx.com. Furthermore, Australia hosted 68 T.K. Maxx establishments. Established in 1962, the firm's corporate headquarters are located in Framingham, Massachusetts.

https://www.tjx.com

Key executives

NameTitlePayBorn
Ernie L. HerrmanChief Executive Officer, President & Director$10.7M1961
Carol MeyrowitzExecutive Chairman$5.5M1954
Douglas W. MizziSenior EVP & Group President$4.3M1960
Kenneth CanestrariSenior EVP & Group President$4.3M1962
Peter BenjaminSenior EVP & Group President$4.3M1963
John KlingerSenior Executive Vice President & Chief Financial Officer$3.3M1965
Bernard CammarataFounder & Executive Advisor$541,9291940
Debra McConnellSenior Vice President of Global Communications——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Ernie Herrman Chief Executive Officer and President2026$1.7M$14.3M$8.4M$26.6M
Carol Meyrowitz Executive Chairman2026$1.1M$6.0M$4.4M$13.4M
Kenneth Canestrari SEVP, Group President2026$1.1M$3.2M$2.8M$8.1M
Douglas Mizzi SEVP, Group President2026$1.1M$3.3M$2.9M$8.1M
John Klinger SEVP, Chief Financial Officer2026$888,462$3.2M$2.2M$7.0M

Employees

270k2019286k2020320k2021340k2022329k2023349k2024364k2025377k2026

Dividends

Ex-dateAmountPaid
2026-11-12$0.482026-12-03
2026-08-13$0.482026-09-03
2026-05-14$0.482026-06-04
2026-02-12$0.4252026-03-05
2025-11-13$0.4252025-12-04
2025-08-14$0.4252025-09-04
2025-05-15$0.4252025-06-05
2025-02-13$0.3752025-03-06

Moat model

Narrow · Efficient Scale · 2026-08-01
Cost advantage68
Intangibles31
Switching costs72
Network effect65
Efficient scale100
Our component scores (0-100) and overall 64.1; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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